Russia Seeks $683,333 a Day Interest in Ukraine Bond Lawsuit
- Moscow is suing Ukraine in London over defaulted bonds
- Russia refused to take part in Ukraine resturcturing in 2015
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Russia is ratcheting up the pressure against Ukraine over a $3 billion defaulted bond, asking its eastern-European neighbor to pay as much $683,333 a day in interest until the dispute is settled by a London judge.
The government in Moscow is seeking to increase the interest it charges Ukraine to 8 percent from 5 percent on the securities, according to court documents in the lawsuit filed Feb. 17 and released this week. The interest, backdated to Dec. 20, would set Ukraine back almost $65.6 million as of Thursday.